RBS 2008 Annual Report Download - page 44

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43RBS Group Annual Report and Accounts 2008
Analysis of change in net interest income – volume and rate analysis
Volume and rate variances have been calculated based on movements in average balances over the period and changes in interest rates on average
interest-earning assets and average interest-bearing liabilities. Changes due to a combination of volume and rate are allocated pro rata to volume and
rate movements.
2008 over 2007 – pro forma 2008 over 2007 – statutory
Increase/(decrease) due to changes in: Increase/(decrease) due to changes in:
Average Average Net Average Average Net
volume rate change volume rate change
£m £m £m £m £m £m
Interest-earning assets
Loans and advances to banks
UK (161) 34 (127) (104) 19 (85)
Overseas 60 (72) (12) 877 42 919
Loans and advances to customers
UK 2,832 (2,839) (7) 3,267 (2,742) 525
Overseas 2,330 336 2,666 12,663 124 12,787
Debt securities
UK 957 (378) 579 968 (389) 579
Overseas 1,197 12 1,209 2,568 (5) 2,563
Total interest receivable of the banking business
UK 3,628 (3,183) 445 4,131 (3,112) 1,019
Overseas 3,587 276 3,863 16,108 161 16,269
7,215 (2,907) 4,308 20,239 (2,951) 17,288
Interest-bearing liabilities
Deposits by banks
UK 186 255 441 271 159 430
Overseas (477) 372 (105) (3,452) (150) (3,602)
Customer accounts: demand deposits
UK (152) 725 573 (204) 671 467
Overseas (121) 253 132 (958) 481 (477)
Customer accounts: savings deposits
UK (266) 230 (36) (276) 226 (50)
Overseas (59) 149 90 (1,367) 66 (1,301)
Customer accounts: other time deposits
UK (233) 538 305 (293) 484 191
Overseas 81 1,094 1,175 (2,474) 476 (1,998)
Debt securities in issue
UK (1,933) 911 (1,022) (1,948) 913 (1,035)
Overseas (1,841) 642 (1,199) (4,004) 460 (3,544)
Subordinated liabilities
UK (160) 103 (57) (160) 103 (57)
Overseas (265) 6 (259) (508) (50) (558)
Internal funding of trading business
UK 1,135 (646) 489 751 (613) 138
Overseas (1,590) 6 (1,584) 430 (22) 408
Total interest payable of the banking business
UK (1,423) 2,116 693 (1,859) 1,943 84
Overseas (4,272) 2,522 (1,750) (12,333) 1,261 (11,072)
(5,695) 4,638 (1,057) (14,192) 3,204 (10,988)
Movement in net interest income
UK 2,205 (1,067) 1,138 2,272 (1,169) 1,103
Overseas (685) 2,798 2,113 3,775 1,422 5,197
1,520 1,731 3,251 6,047 253 6,300